Experts’ forecast: USD/CHF
MAJORS:• EUR/USD Forecast• GBP/USD Forecast• USD/JPY Forecast• USD/CHF Forecast
Every week, we are publishing the Experts Forecast Currencies Poll. A pool of selected traders and analysts gives us their targets for the major currencies for the week, month and quarter to come. They also indicate the whole trend in these periods.
The report includes a visual table for each pair, as well as the comments that the experts might have added to their analysis. From next week, we will upgrade the report with a chart where forecast levels for every expert are color-marked.
Experts: Gonçalo Moreira, Guillermo Alcalá, Alberto Muñoz, Stoyan Mihaylov, Valeria Bednarik, James Chen, Dr. Sivaraman, ecPulse.com, Ilian Yotov, Mauricio Carrillo
USD/CHF comments:
- Valeria Bednarik: Extreme readings in bigger time frames suggest a strong reversal should not take long. Still witn no signs of bottoming, the downside is still open, thus limited; pair will likely consolidate near current lows for at least 2 weeks, before able to attempt a reversal.
- Dr. Sivaraman: it is expected to swing and rise as contrarian move in this quarter.ecPulse.com: 0.9615 must be broken to confirm the bearishness or we will remain neutral
- Ilian Yotov: It’s hard not to be bullish on the AUD as the train to parity with the USD keeps rolling, fueled by yield differentials, resilient economy, and hawkish RBA policy makers.
Key:
- Bearish: Belief that a particular currency is about to fall in value; understood as a general pessimistic trend about the state of that given currency.
- Bullish: Belief that a particular currency is about to rise in value; understood as a general optimism about the state of that given currency.
- Sideways: A sideways trend manifests when the volume of a currency pair bought and the volume of the same pair sold at a particular price are in balance or nearly in balance.
___________Risk DisclosureThis forecast has just an informative meaning and cannot be treated as the guide to action or an offer to carry out certain trading operation.The experts of this poll expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader.We always aim for maximum accuracy, and FXstreet.com cannot be held responsible for inaccurate information or typos.
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